[ANN] [ICO] FunFair.io - Disrupting Online Gaming - New Casino Platform

[JohnDoe3490]

As I understand it, the bitdice is a competitor to FUN, what are the advantages of the FUN, the project is very interesting, although it was released long ago

By the way, is there Russian sipping? Please send a link, please

Also would like to hear the answer for this question. There appear a lot of competitors in this sphere, bitdice, vdice, daocasino etc. What are the main advantages of FunFair. And why the heck the price for the token is so low?  

Bitdice has no legal counsel to speak of. They are listing a dividend based token that fails the howey test, they will likely lose any gambling license and fall afoul of securities law if you read the recent SEC update, vdice is slow and boring. Its  a spreadsheet that takes minutes to confirm with expensive gas costs. Dao has no underlying tech to compete with fate channels.

@Bitcoinorama What's your position at FunFair? Assuming you work for them? No ill intentions just looking to place what you said in clearer context. (Bolded & underlined part mine.) Thanks!

I had Bitdice rep approach me in the Telegram chat and he had no idea about Howey, that a dividend paying token would fall afoul of securities law (Goolgel SEC Vs Howey - its the standard test for securities - US has been vague but they will always refer to that and thats what icos are being recommended to ensure they meet its mentioned in their latest update and why many icos are refusing to accept us citizens). If thats the case (and if they do a token raise in general) they will likely not be granted a gaming license or retain any they might have. Bitdice is not a developer but a third party casino operator which needs a gaming license to legally operate.

https://bitcoinmagazine.com/articles/sec-weighs-ico-tokens-securities-ether-still-labeled-currency/

Under the Howey Test, a transaction is a security (or investment contract) if:
It is an investment of money
There is an expectation of profits from the investment
The investment of money is in a common enterprise
Any profit comes from the efforts of a promoter or third party

Bitdice is offering an investment and specifically offers an investment in a common enterprise gives an expectation of profits from an investment.

Of course BitDice is offering an investment. If it wasn't so close, they probably would've opened it up to US citizens. Of course, they need a gaming license for each territory they want. I woulnd't decide right now if being a US gaming license because of a token sale is an automatic rejection. 888 Holdings was a notorious spammer when it received its US gaming license.

[Bitcoinorama]

As I understand it, the bitdice is a competitor to FUN, what are the advantages of the FUN, the project is very interesting, although it was released long ago

By the way, is there Russian sipping? Please send a link, please

Also would like to hear the answer for this question. There appear a lot of competitors in this sphere, bitdice, vdice, daocasino etc. What are the main advantages of FunFair. And why the heck the price for the token is so low?  

Bitdice has no legal counsel to speak of. They are listing a dividend based token that fails the howey test, they will likely lose any gambling license and fall afoul of securities law if you read the recent SEC update, vdice is slow and boring. Its  a spreadsheet that takes minutes to confirm with expensive gas costs. Dao has no underlying tech to compete with fate channels.

@Bitcoinorama What's your position at FunFair? Assuming you work for them? No ill intentions just looking to place what you said in clearer context. (Bolded & underlined part mine.) Thanks!

I had Bitdice rep approach me in the Telegram chat and he had no idea about Howey, that a dividend paying token would fall afoul of securities law (Goolgel SEC Vs Howey - its the standard test for securities - US has been vague but they will always refer to that and thats what icos are being recommended to ensure they meet its mentioned in their latest update and why many icos are refusing to accept us citizens). If thats the case (and if they do a token raise in general) they will likely not be granted a gaming license or retain any they might have. Bitdice is not a developer but a third party casino operator which needs a gaming license to legally operate.

https://bitcoinmagazine.com/articles/sec-weighs-ico-tokens-securities-ether-still-labeled-currency/

Under the Howey Test, a transaction is a security (or investment contract) if:
It is an investment of money
There is an expectation of profits from the investment
The investment of money is in a common enterprise
Any profit comes from the efforts of a promoter or third party

Bitdice is offering an investment and specifically offers an investment in a common enterprise gives an expectation of profits from an investment.

Of course BitDice is offering an investment. If it wasn't so close, they probably would've opened it up to US citizens. Of course, they need a gaming license for each territory they want. I woulnd't decide right now if being a US gaming license because of a token sale is an automatic rejection. 888 Holdings was a notorious spammer when it received its US gaming license.

Are they asking for investment to bankroll the house? Are they issuing tokens? Are they paying dividends?

[JohnDoe3490]

As I understand it, the bitdice is a competitor to FUN, what are the advantages of the FUN, the project is very interesting, although it was released long ago

By the way, is there Russian sipping? Please send a link, please

Also would like to hear the answer for this question. There appear a lot of competitors in this sphere, bitdice, vdice, daocasino etc. What are the main advantages of FunFair. And why the heck the price for the token is so low?  

Bitdice has no legal counsel to speak of. They are listing a dividend based token that fails the howey test, they will likely lose any gambling license and fall afoul of securities law if you read the recent SEC update, vdice is slow and boring. Its  a spreadsheet that takes minutes to confirm with expensive gas costs. Dao has no underlying tech to compete with fate channels.

@Bitcoinorama What's your position at FunFair? Assuming you work for them? No ill intentions just looking to place what you said in clearer context. (Bolded & underlined part mine.) Thanks!

I had Bitdice rep approach me in the Telegram chat and he had no idea about Howey, that a dividend paying token would fall afoul of securities law (Goolgel SEC Vs Howey - its the standard test for securities - US has been vague but they will always refer to that and thats what icos are being recommended to ensure they meet its mentioned in their latest update and why many icos are refusing to accept us citizens). If thats the case (and if they do a token raise in general) they will likely not be granted a gaming license or retain any they might have. Bitdice is not a developer but a third party casino operator which needs a gaming license to legally operate.

https://bitcoinmagazine.com/articles/sec-weighs-ico-tokens-securities-ether-still-labeled-currency/

Under the Howey Test, a transaction is a security (or investment contract) if:
It is an investment of money
There is an expectation of profits from the investment
The investment of money is in a common enterprise
Any profit comes from the efforts of a promoter or third party

Bitdice is offering an investment and specifically offers an investment in a common enterprise gives an expectation of profits from an investment.

Of course BitDice is offering an investment. If it wasn't so close, they probably would've opened it up to US citizens. Of course, they need a gaming license for each territory they want. I woulnd't decide right now if being a US gaming license because of a token sale is an automatic rejection. 888 Holdings was a notorious spammer when it received its US gaming license.

Are they asking for investment to bankroll the house? Are they issuing tokens? Are they paying dividends?

Yes. Yes. Yes. So what is your point? A token sale does not automatically preclude one from getting a US gaming license.

[marcoantonio]

Fun Fair is ahead of all the competitors, IMHO is one of the most underrated coins

It's a moon journey

[Bitcoinorama]

As I understand it, the bitdice is a competitor to FUN, what are the advantages of the FUN, the project is very interesting, although it was released long ago

By the way, is there Russian sipping? Please send a link, please

Also would like to hear the answer for this question. There appear a lot of competitors in this sphere, bitdice, vdice, daocasino etc. What are the main advantages of FunFair. And why the heck the price for the token is so low?  

Bitdice has no legal counsel to speak of. They are listing a dividend based token that fails the howey test, they will likely lose any gambling license and fall afoul of securities law if you read the recent SEC update, vdice is slow and boring. Its  a spreadsheet that takes minutes to confirm with expensive gas costs. Dao has no underlying tech to compete with fate channels.

@Bitcoinorama What's your position at FunFair? Assuming you work for them? No ill intentions just looking to place what you said in clearer context. (Bolded & underlined part mine.) Thanks!

I had Bitdice rep approach me in the Telegram chat and he had no idea about Howey, that a dividend paying token would fall afoul of securities law (Goolgel SEC Vs Howey - its the standard test for securities - US has been vague but they will always refer to that and thats what icos are being recommended to ensure they meet its mentioned in their latest update and why many icos are refusing to accept us citizens). If thats the case (and if they do a token raise in general) they will likely not be granted a gaming license or retain any they might have. Bitdice is not a developer but a third party casino operator which needs a gaming license to legally operate.

https://bitcoinmagazine.com/articles/sec-weighs-ico-tokens-securities-ether-still-labeled-currency/

Under the Howey Test, a transaction is a security (or investment contract) if:
It is an investment of money
There is an expectation of profits from the investment
The investment of money is in a common enterprise
Any profit comes from the efforts of a promoter or third party

Bitdice is offering an investment and specifically offers an investment in a common enterprise gives an expectation of profits from an investment.

Of course BitDice is offering an investment. If it wasn't so close, they probably would've opened it up to US citizens. Of course, they need a gaming license for each territory they want. I woulnd't decide right now if being a US gaming license because of a token sale is an automatic rejection. 888 Holdings was a notorious spammer when it received its US gaming license.

Are they asking for investment to bankroll the house? Are they issuing tokens? Are they paying dividends?

Yes. Yes. Yes. So what is your point? A token sale does not automatically preclude one from getting a US gaming license.

They fail the Howey test. They are creating an unlicensed equity through an unlicensed gambling platform and raise money through the creation of an unregulated security.

[OddEvenBets.com]

It's my favorite coin today!

[JohnDoe3490]

As I understand it, the bitdice is a competitor to FUN, what are the advantages of the FUN, the project is very interesting, although it was released long ago

By the way, is there Russian sipping? Please send a link, please

Also would like to hear the answer for this question. There appear a lot of competitors in this sphere, bitdice, vdice, daocasino etc. What are the main advantages of FunFair. And why the heck the price for the token is so low?  

Bitdice has no legal counsel to speak of. They are listing a dividend based token that fails the howey test, they will likely lose any gambling license and fall afoul of securities law if you read the recent SEC update, vdice is slow and boring. Its  a spreadsheet that takes minutes to confirm with expensive gas costs. Dao has no underlying tech to compete with fate channels.

@Bitcoinorama What's your position at FunFair? Assuming you work for them? No ill intentions just looking to place what you said in clearer context. (Bolded & underlined part mine.) Thanks!

I had Bitdice rep approach me in the Telegram chat and he had no idea about Howey, that a dividend paying token would fall afoul of securities law (Goolgel SEC Vs Howey - its the standard test for securities - US has been vague but they will always refer to that and thats what icos are being recommended to ensure they meet its mentioned in their latest update and why many icos are refusing to accept us citizens). If thats the case (and if they do a token raise in general) they will likely not be granted a gaming license or retain any they might have. Bitdice is not a developer but a third party casino operator which needs a gaming license to legally operate.

https://bitcoinmagazine.com/articles/sec-weighs-ico-tokens-securities-ether-still-labeled-currency/

Under the Howey Test, a transaction is a security (or investment contract) if:
It is an investment of money
There is an expectation of profits from the investment
The investment of money is in a common enterprise
Any profit comes from the efforts of a promoter or third party

Bitdice is offering an investment and specifically offers an investment in a common enterprise gives an expectation of profits from an investment.

Of course BitDice is offering an investment. If it wasn't so close, they probably would've opened it up to US citizens. Of course, they need a gaming license for each territory they want. I woulnd't decide right now if being a US gaming license because of a token sale is an automatic rejection. 888 Holdings was a notorious spammer when it received its US gaming license.

Are they asking for investment to bankroll the house? Are they issuing tokens? Are they paying dividends?

Yes. Yes. Yes. So what is your point? A token sale does not automatically preclude one from getting a US gaming license.

They fail the Howey test. They are creating an unlicensed equity through an unlicensed gambling platform and raise money through the creation of an unregulated security.

Howey test only applies in the determination of a "investment contract". It has nothing to do with the licensing of a company for gaming. Yes, a gaming board may look to see where the company has received its funds. As I stated earlier, failing the Howey test does not automatically preclude a company from getting a gaming license.

[silver12si]

News:

https://twitter.com/FunFairTech/status/905857015716737026

[FandangledGizmo]

News:

https://twitter.com/FunFairTech/status/905857015716737026

I like it, great game! Know people who spend a fortune on casino video poker, provably fair, better odds, got to be a winnner!

[JohnDoe3490]

News:

https://twitter.com/FunFairTech/status/905857015716737026

I like it, great game! Know people who spend a fortune on casino video poker, provably fair, better odds, got to be a winnner!

Yes. Excellent. But know that based on the payouts, this will be a house money maker . Only 90.8% payout which is very favorable for the house.

[MUGOmugo]

why so many coins, what is the eth exchange rate?

eth exchange rate is highly volatile.  large swings.  and hit its all time high a few days ago.  we should allow for it to be come off its high and be where it was a few months ago and still have the funds we need to last a few years as ICO's are a one-chance to raise, then no more.  Also, our competitors have raised a lot and we'd be be at a disadvantage in the marketplace if we raised less.

We already know the reason, atleast it more clearer now. Hopefully it will continously be successful sooner.

[Sy]

For some reason, I missed this project during the ICO stage. I would like to ask if the tokens are currently trading above ICO price?

Thanks

[Bitcoinorama]

For some reason, I missed this project during the ICO stage. I would like to ask if the tokens are currently trading above ICO price?

Thanks

yes they were around $0.01

We just added the firstvideo poker btw:

[jettaone]

Does anyone know if funfair will restrict licensing? Would someone have to prove they ran a legit registered online casino to license platform from funfair?

[OddEvenBets.com]

Price of FunFair down now.
It's time to buy this coin and make profit now!

[JohnDoe3490]

Price of FunFair down now.
It's time to buy this coin and make profit now!

It will naturally go up as it has when it big update is born!

[Marina17]

it's a cool currency for gamers, but there is few promotion and because of this it is underrated

[JohnDoe3490]

it's a cool currency for gamers, but there is few promotion and because of this it is underrated

Yes, they are working on product first before they will do massive advertisement? Or they will just showcase to businesses to sell.

[boulard83]

Hold your fun, play with other crypto in the mean time

[iamjwroar]

from twitter -

FunFair’s @aerobatic will be demo-ing one of our 9 new blockchain games at @UKBlockchain tomorrow! 11:45 am - Inside Tech